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Question: Instructions Complete the following problems. Your work needs to be presentable and legible. Any …
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Question: Instructions Complete the following problems. Your work needs to be presentable and legible. Any ...

Show transcribed image text Instructions Complete the following problems. Your work needs to be presentable and legible. Any incomplete work will automatically receive zero points. Corn Doggy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost $215,000. In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $33,000. The machine will have a 12-year useful life and no salvage value. Instructions Calculate the cash payback period. Calculate the machine's internal rate of return Calculate the machine's net present value using a discount rate of 10% Assuming Corn Doggy, Inc.'s cost of capital is 10 is the investment acceptable? Why or why not?

Instructions Complete the following problems. Your work needs to be presentable and legible. Any incomplete work will automatically receive zero points. Corn Doggy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost $215,000. In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $33,000. The machine will have a 12-year useful life and no salvage value. Instructions Calculate the cash payback period. Calculate the machine's internal rate of return Calculate the machine's net present value using a discount rate of 10% Assuming Corn Doggy, Inc.'s cost of capital is 10 is the investment acceptable? Why or why not?

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